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NANO

Nano Price Analysis NANO / USD: Evolving From Bear To BullFundamental Analysis Nano has been getting some respite from the downtrend after the project released the latest version of its node software Solidus, last week. The update brings a broad range of improvements to the network. It provides added security, efficiency and makes it easier for services to integrate Nano. All these factors should have a positive effect on the adoption of the Nano’s network. Nano / USD Short-term price analysis Nano has a bearish short-term trading bias, with the cryptocurrency struggling to move back above key resistance on the four-hour time frame. The four-hour time frame shows that the NANO / USD pair has suffered a strong technical rejection after bulls tested back towards the neckline of a large head and shoulders pattern. Technical indicators on the four-hour time frame have turned bullish and are continuing to generate a buy signal. Pattern Watch Traders should note that the head and shoulders pattern across the four-hour time frame has yet to reach its overall bearish downside target. Relative Strength Index The Relative Strength Index is bullish on four-hour time frame and still shows scope for further upside. MACD Indicator The MACD indicator on the four-hour time frame remains bullish and is generating a buy signal. Nano / USD Medium-term price analysis Nano has a neutral medium-term outlook, with the NANO / USD pair still consolidating around its trend defining 200-day moving. The daily time frame is showing that the cryptocurrency is trapped within a large falling wedge pattern, with NANO / USD bulls repeatedly failing to break above the top of the bullish pattern. Technical indicators on the daily time frame are bearish and continue to issue sell signals. NANO / USD Daily Chart by TradingView Pattern Watch Traders should note that the line of least resistance is currently to the downside, following multiple technical rejections from the top of the falling wedge pattern. Relative Strength Index The RSI indicator on the daily time frame is also bearish, although it is now attempting to correct from oversold conditions. MACD Indicator The MACD indicator on the daily time frame remains bearish and is still generating a sell signal. Conclusion Nano bulls will need to move price above the neckline of the head and shoulders pattern in the near-term or the cryptocurrency is at risk of further substantial losses. Sustained weakness below the NANO / USD pair’s key 200-day moving average may result in a technical test of the falling wedge patterns lower trendline.
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by CryptoBriefingTA
[NANOBTC](80%) Hits Double Bottom, Trade Signal InsideNANO (NANOBTC) Just hit strong support marking a double bottom on Binance. The RSI is oversold and the MACD is moving higher while prices move lower, bullish divergence. Let's trade NANO for profits... ------- Pair: NANO (NANOBTC) BUY: 0.0001320 - 0.0001420 TARGET: (1) 0.0001620 (2) 0.0001830 (3) 0.0001970 (4) 0.0002150 (5) 0.0002360 (6) 0.0002500 PROFITS POTENTIAL: 80% (Buy calculated at 0.0001390) STOP: Close weekly below 0.0001200. ------ Thanks a lot for reading. Feel free to hit like to show your support. This is Alan Masters. Namaste.
NLong
by AlanSantana
2
NANO : A Quick Profits Opportunity For The Short Term.#Accumulation_Recomendation Pair : #NANO / #BTC Platform : #Binance RSI : 37.8 Volume : A fair amount of volume circulating on the 1D chart. **Note : Falling wedge triangle pattern formed and already broken out by the past 2 days and trying to form a reversal move by the current candle. We might see some more down ward retrace levels which will be even a good thing to see a stronger reversal trend but need to be above the resistance of the falling wedge which can be taken as a temporary support level. MACD looks to be in favor of the bulls for now and RSI is at a neutral movement but surely will be in a bullish state if volume continues its current momentum. EMA is also on the way to be below the price and for sure will continue to be moving in the current direction if volume made some change and make a boost on the upward movement. Current Accumulation Area : 1650 sats - 1675 sats Distribution Targets Short Term : Target 1 : 1764 sats Target 2 : 1841 sats Target 3 : 1903 sats Target 4 : 1964 sats Target 5 : 2052 sats Target 6 : 2164 sats+ Stop Loss : 1600 sats Risk : High Capital Allocation : 5%
NLong
by cryptotalk_et
Nano bullish wedge after a bearish break outThis one goes a little bit against my personal bias for crypto at the current high prices, but an analyst needs to be objective in my view. So here it goes :) On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows a clearer bullish wedge. Make no mistake, if Bitcoin does start to drop big Nanousd will drop as well and will prob break that green support. But Bitcoin is not showing a clear direction and is 50/50 at this moment. So, without any bias here, it looks good at this point. A bit similar as that XRP analysis i did a month or 2 ago. Please don't forget to like if you appreciate this :) The XRP analysis i talked about:
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by botje11
8
Nano in giant multi-month falling wedge!?! I got what you NEED!Hello everyone. I have been outright determined to nail Nano's bottom to within 2-3%. I created an analysis recently but I believe this particular analysis is much more detailed and accurate. Nano may be soon finishing up a 5-3-5 Zig Zag EWT retracement from its ATH. www.elliottwave.net Currently, it seems Nano may be in a multi-month falling wedge. stockcharts.com The apex of this wedge is toward the end of 2019... We may be extremely close to a bounce or the beginning of a 3rd and powerful wave though. Fibonacci Timezone placement shows a high probability of volatility between June 24th and July 8th. Considering the Bullish Divergence showing in the daily and the weekly, those dates would make sense for a significant push upwards. I would give this a 65-70% chance of being the next bull wave for Nano. 300-500%+ profits POSSIBLE. After analyzing the data thoroughly, there is a high chance Nano may go slightly lower but not by much unless we experience outright capitulation. To be completely honest, I'm praying for it. The RSI on the weekly has fallen through support but appears to be holding strong, for now. The next 2 weeks for Nano are absolutely crucial and I suspect we will see a lot of sideways movement for accumulation. Nano has more than respected the Fibonacci Retracements when combined with some basic EWT. Nano has also respected the falling wedge support and resistance zones. Nano is also potentially in a parallel downtrend channel. A break above and successful daily/weekly close will begin uptrend. I have marked the most important support zones on the chart. First warning of a bull wave would be a break of the downtrend channel. Second warning would be a significant break of, and monthly close above the .618 resistance. Get ready fellow Nano lovers. I believe THIS analysis ... is the one.
NLong
by deactivatedaccount123
4